When a good is rival and excludable,it is a
A)natural monopoly good.
B)public good.
C)regulated good.
D)private good.
E)common resource.

Question

Quizplus · Accepted Answer

When a good is both rival and excludable, it is a private good. Private goods are typically provided by the market and consumed only by those who have purchased or otherwise gained access to them. Examples of private goods include clothing, food, and electronics.

When a Good Is Rival and Excludable,it Is a